Greif, Inc. (NYSE:GEF) Announces $0.62 Quarterly Dividend

Greif, Inc. (NYSE:GEF) declared a quarterly dividend on Tuesday, August 25th. Stockholders of record on Thursday, September 17th will be paid a dividend of 0.62 per share by the industrial products company on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Thursday, September 17th.

Greif has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 4 years. Greif has a dividend payout ratio of 45.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Greif to earn $4.65 per share next year, which means the company should continue to be able to cover its $2.48 annual dividend with an expected future payout ratio of 53.3%.

Greif Stock Down 1.7%

GEF stock opened at $84.56 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.23. The company’s 50 day moving average is $79.45 and its 200 day moving average is $72.08. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of 26.51, a price-to-earnings-growth ratio of 0.76 and a beta of 0.75. Greif has a 1-year low of $55.75 and a 1-year high of $90.57.

Greif (NYSE:GEF) last announced its earnings results on Tuesday, July 28th. The industrial products company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.50. Greif had a net margin of 7.53% and a return on equity of 8.09%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the firm posted $0.86 earnings per share. Greif’s quarterly revenue was up 3.5% on a year-over-year basis. Sell-side analysts predict that Greif will post 4.3 EPS for the current fiscal year.

About Greif

Greif, Inc is a global leader in industrial packaging products and services, with a history dating back to its founding in 1877. Headquartered in Cleveland, Ohio, the company has evolved from a regional barrel and drum manufacturer into a diversified packaging provider serving a wide range of end markets. Greif’s longstanding heritage in container solutions has positioned it as a trusted partner for customers seeking reliable, high-quality packaging options.

The company’s core business revolves around the design, manufacture and sale of industrial packaging products, including steel, plastic and fiber drums; intermediate bulk containers (IBCs); safety closures; rigid, flexible and reconditioned packaging; containerboard and protective packaging.